IDFC

Press Releases

Chennai; July 27, 2011

Growth of 43% (YoY) in Net Interest Income and Balance Sheet crosses 50,000 crore

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  • Net Interest income of 483 crore: an increase of 43%
  • Balance sheet size as on June 30, 2011 - 50,221 crore: an increase of 30%
  • Profit After Tax of 314 crore for Q1 FY 2012 compared to 335 crore in Q1 FY 2011
  • Profit After Tax excluding gains from Principal Investments increased by 43%
  • Outstanding Disbursements increased from 32,169 crore as on June 30, 2010 to
    42,569 crore as on June 30, 2011: an increase of 32%
  • Net NPAs at 0.10% of outstanding loans; No new NPA in Q1 FY 2012
  • Assets under management – 38,830 crore

At its 84th Board Meeting held on July 27, 2011, the Board of Directors of Infrastructure Development Finance Company Limited (IDFC) approved financial results for the period April 01, 2011 to June 30, 2011.

Profit After Tax (PAT) for IDFC standalone increased by 3% from 320 crore in Q1 FY 2011 to 330 crore in Q1 FY 2012. However, profitability of the core lending business (excluding income from principal investments) over Q1 FY 2011 increased by 48%.


BALANCE SHEET

  • The balance sheet size grew by 30% from 38,612 crore as at June 30, 2010 to
    50,221 crore as at June 30, 2011.
  • Net Loan book increased by 30% from 28,901 crore as at June 30, 2010 to 37,527 crore as at June 30, 2011.
  • Exposure was 61,669 crore as on June 30, 2011.

INCOME

Net Interest Income (NII) increased by 43% from 337 crore in Q1 FY 2011 to 483 crore in Q1 FY 2012.
  • NII from infrastructure loans increased by 41% from 304 crore in Q1 FY 2011 to
    428 crore in Q1 FY 2012.
  • NII from treasury operations increased by 65% from 33 crore in Q1 FY 2011 to
    55 crore in Q1 FY 2012.

Non Interest Income decreased by 59% from 266 crore in Q1 FY 2011 to
110 crore in Q1 FY 2012.

  • Fees from IDFC’s asset management business decreased by 5% from 65 crore in Q1 FY 2011 to 62 crore in Q1 FY 2012.
  • Income from Investment banking and broking activity decreased by 47% from
    36 crore in Q1 FY 2011 to 19 crore in Q1 FY 2012.
  • Income from principal investments decreased from a profit of 120 crore in Q1 FY 2011 to a loss of 2 crore in Q1 FY 2012.
  • Loan related and other fees decreased by 30% from 44 crore in Q1 FY 2011 to
    31 crore in Q1 FY 2012.

PROFITS

  • Profit Before Tax increased by 1% from 445 crore in Q1 FY 2011 to 451 crore in Q1 FY 2012. 
  • PAT excluding gains from Principal Investments increased by 43% from 220 crore in Q1 FY 2011 to 315 crore for Q1 FY 2012.
  • EPS (diluted) decreased by 20% from 2.56 per share to 2.04 per share on account of 3,494 crore capital raised in July 2010.
  • After accounting for tax and share of profit in associate company, PAT decreased by 6% from 335 crore in Q1 FY 2011 to 314 crore in Q1 FY 2012.

For further details, please contact:

Mr. Arun Raste
Infrastructure Development Finance Company Limited
Tel: + 91 22 4222 2019

Email: arun.raste@idfc.com